Central Banks around the world made significant moves this week, with the Bank of Japan hiking interest rates for the first time in 17 years and the SNB cutting rates in a surprise move. The US stock market surged to new highs following the Fed’s indication of maintaining its projection for three interest rate reductions this year. Investors are now predicting cuts from all three major central banks by June.
As the market continues to rally, savvy traders can benefit from our predictive AI stock-picking tool, ProPicks, for less than $9 a month. Subscribers will receive top-performing company recommendations every month to maximize gains in the market.
Looking ahead, investors should focus on key events for the upcoming week:
1. Initial Jobless Claims: Attention is on the upcoming report on Wednesday, following a decrease in Americans filing for unemployment benefits last week.
2. U.S. GDP Revision: The revision for the fourth-quarter GDP report is scheduled for release on March 28, with a slight adjustment expected from the initial 3.3% growth rate.
3. PCE Inflation: The core PCE price index for February is anticipated to soften, supporting potential rate cuts in the coming months.
4. Walgreens Earnings: Walgreens Boots Alliance is set to announce its Q2 earnings on March 28, with analysts expecting an EPS of $0.83 and revenues at $35.85 billion.
5. Carnival Earnings: Carnival is scheduled to release its Q1 earnings on Wednesday, with Wall Street predicting an EPS of ($0.18) and revenue of $5.4 billion.
Investors can stay informed with InvestingPro’s analysis and insights to make informed decisions in the market. Subscribe now for under $9 a month and never miss out on a bull market again. Use codes OAPRO1 and OAPRO2 for an extra 10% off our annual and 2-year Pro plans. Remember to conduct thorough research before making any investment decisions.
